This bill amends Minnesota Statutes to prohibit the imposition of certain taxes during a designated "shutdown period," which begins on July 1 of an odd-numbered year when no legislation has been enacted to appropriate funds for government operations. Specifically, it introduces a new subdivision to section 290.0132, stating that wages paid during this shutdown period will not have taxes deducted, allowing these wages to be considered a subtraction for tax purposes. Additionally, the bill defines "shutdown period" and "consumption tax," and establishes that no tax will be deducted from wages paid during this time or for ten days thereafter.

Furthermore, the bill stipulates that no consumption taxes will be imposed on transactions occurring during the shutdown period or for three days following it. The effective date for these provisions is set for the day after final enactment. Overall, the legislation aims to provide financial relief to employees and businesses during periods of government shutdown by suspending certain tax obligations.

Statutes affected:
Introduction: 290.0132